>

Oakwood to open 20 new properties in 2022, aims to double portfolio by 2025

/ EdgeProp Singapore |

January 19, 2022 6:07 PM SGT

Two-bedroom superior at Oakwood Hotel & Apartments Azabu Tokyo (Credit: Oakwood)

SINGAPORE (EDGEPROP) - Global serviced apartment brand Oakwood, a subsidiary of Mapletree Investments, recently opened its 13th property in Japan, Oakwood Hotel & Apartments Azabu in Tokyo, on Jan 14.

The property marks the first of 20 new openings Oakwood has planned for 2022, as part of its aim to double its portfolio by 2025.

The newly-opened Oakwood Hotel & Apartments Azabu Tokyo comprises 171 apartments, ranging from studio to three-bedroom configurations. Located in the Azabu-Juban district, the property is a two-minute train ride from Roppongi.

In a Jan 18 press release, Oakwood also announced its expansion into Hainan, China, as well as Dhaka, Bangladesh.

The entry into Hainan follows a strategic partnership agreement signed between Oakwood and Chinese state-owned enterprise China Green Development Group for the management of projects in China.

The partnership marks China Green Development Group’s first venture with Oakwood.

Meanwhile, Oakwood will be launching its first two properties in Bangladesh, Oakwood Hotel & Apartments Dhaka and Oakwood Suites Dhaka, in April. Both properties are owned by Aara Hospitality.

Other upcoming launches this year include three properties in China under the Oakwood Beluxs brand, which was created in partnership with Country Garden Commercial and Culture Tourism Group. The properties will be located in Dalian, Yantai and Qingdao.

Dean Schreiber, CEO of Oakwood, is confidents that the new properties and upcoming projects will complement traveller’s preferences in “the new era of travel”.

“As countries gradually re-open borders and the world progresses against this battle with the pandemic, we have reasons to be optimistic about the travel outlook for 2022,” he adds.

Tags:

Oakwood Mapletree Investments

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Novo Place hits 88.1% as 137 units snapped up in second balloting

3

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

4

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

5

What’s next for Bayshore

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.